Volatile Stocks: Marin Software Inc (NYSE:MRIN), hhgregg, Inc. (NYSE:HGG), Chegg Inc (NYSE:CHGG), Mechel OAO (ADR) (NYSE:MTL), NQ Mobile Inc (ADR) (NYSE:NQ)

Technology Stocks News 6

Marin Software Inc (NASDAQ:MRIN)’s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Tuesday. They currently have a $20.00 target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 105.76% from the stock’s previous close. Marin Software Inc (NYSE:MRIN) stock performance was 8.09% in last session and finished the day at $10.56. Traded volume was 265,317.00million shares in the last session and the average volume of the stock remained 165.96K shares. Marin Software Inc (NYSE:MRIN) insider ownership is 0.80%.

Hhgregg, Inc (NYSE:HGG)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Monday. They currently have a $8.00 target price on the stock, up from their previous target price of $7.00. hhgregg, Inc. (NYSE:HGG) rose 8.33 percent to $10.01 Monday on volume of 244,312.00million shares. The intra-day range of the stock was $9.20 to $10.11. hhgregg, Inc. (NYSE:HGG) has a market capitalization of $284.89million.

As per latest reports, InstaEDU has been acquired for $30 million. The acquisition was cash based, and it was purchased by Chegg Inc. (NYSE:CHGG). The acquired company worked in the tutoring sector. It had become a platform to connect students and tutors across a wide variety of subjects. Priced as low as $0.40 for a minute, all areas from university, to test preparations as well as high school were covered. Chegg Inc. (NYSE:CHGG) expects to complete the same by the end of 2014. Chegg Inc (NYSE:CHGG)’s stock on June 09, 2014 reported a increase of 7.80% to the closing price of $6.77. Its fifty two weeks range is $4.82 -$11.25. The total market capitalization recorded $562.35million. The overall volume in the last trading session was 894,021.00million shares. In its share capital, CHGG has 83.06million outstanding shares.

Mechel OAO (ADR) (NYSE:MTL), one of the leading Russian mining and metals companies, announced the appointment of Mr Andrey Slivchenko as the new CFO of Mechel OAO replacing Mr Stanislav Ploschenko. On Monday, shares of Mechel OAO (ADR) (NYSE:MTL) advanced 7.50% to close the day at $2.15. Company return on investment (ROI) is -5.90% and its monthly performance is recorded as 3.86%. Mechel OAO (ADR) (NYSE:MTL) quarterly revenue growth is 18.78%.

NQ Mobile Inc (ADR) (NYSE:NQ) on June 4 announced the results of the independent investigation conducted by an independent Special Committee of its Board of Directors and carried out by its independent counsel Shearman & Sterling LLP and Deloitte & Touche Financial Advisory Services Limited acting as forensic accountants. NQ Mobile Inc (ADR) (NYSE:NQ) stock performance was 2.57% in last session and finished the day at $9.59. Traded volume was 6.05million shares in the last session and the average volume of the stock remained 4.50million shares. The beta of the stock remained 3.47. NQ Mobile Inc (ADR) (NYSE:NQ) insider ownership is 4.93%.

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